6,043 Shares in D.R. Horton, Inc. $DHI Bought by Gallo Partners LP

Gallo Partners LP acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, Holdings Channel reports. The fund acquired 6,043 shares of the construction company’s stock, valued at approximately $984,000. D.R. Horton makes up 2.2% of Gallo Partners LP’s investment portfolio, making the stock its 21st biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Manhattan CO. LLC. increased its position in shares of D.R. Horton by 2.0% in the fourth quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock valued at $511,000 after acquiring an additional 70 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its position in D.R. Horton by 11.0% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock worth $103,000 after purchasing an additional 71 shares during the period. Cornerstone Planning Group LLC lifted its position in D.R. Horton by 27.9% during the first quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company’s stock worth $48,000 after acquiring an additional 72 shares during the last quarter. AMG National Trust Bank boosted its holdings in shares of D.R. Horton by 0.7% during the fourth quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock worth $1,570,000 after acquiring an additional 74 shares during the period. Finally, AdvisorShares Investments LLC boosted its holdings in shares of D.R. Horton by 2.4% during the fourth quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock worth $480,000 after acquiring an additional 77 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wells Fargo & Company decreased their price objective on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 4th. Royal Bank Of Canada reissued a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Barclays raised their price target on shares of D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. The Goldman Sachs Group reiterated a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. Finally, Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $166.92.

D.R. Horton Trading Up 0.1%

Shares of DHI stock opened at $148.43 on Monday. The company has a market cap of $41.52 billion, a P/E ratio of 14.12, a PEG ratio of 2.35 and a beta of 1.37. The stock has a 50 day simple moving average of $151.80 and a two-hundred day simple moving average of $149.75. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. D.R. Horton, Inc. has a fifty-two week low of $131.75 and a fifty-two week high of $184.54.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The firm had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the prior year, the business earned $3.36 EPS. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Research analysts forecast that D.R. Horton, Inc. will post 10.47 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were issued a $0.45 dividend. The ex-dividend date was Thursday, August 6th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s dividend payout ratio is presently 17.13%.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.